TD Securities raised the firm’s price target on Canadian National Railway to C$185 from C$180 and keeps a Hold rating on the shares. The company reported a slight earnings beat in Q4 and guided to 10% earnings growth in 2024, which is at the high end of Street expectations, the analyst tells investors in a research note. The firm views the earnings report as solid but says harsh weather has Canadian National and industry volumes off to a slow start in 2024.
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